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DTN's retail survey shows most US fertilizer prices trending lower into early November 2022, with urea at $826/ton and DAP at $930/ton. Only 10-34-0 moved significantly, down 7% month over month.
The Fertilizer Institute urged Congress to act against a potential rail strike that could embargo fertilizer shipments about five days before it begins.
Softening retail prices reflect weaker demand, but a rail strike threat could tighten fertilizer supply quickly and reverse the decline. Buyers should weigh the downtrend against that logistics risk.
dtnpf.comRuss QuinnNov 9, 2022After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% over 20.
After 40 past logistics events, DAP moved a median +0.4% over 5 sessions (57% higher; middle half -0.6% to +0.9%), and +1.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
